The Institute of Financial Advisers (IFA) has two new board directors and reappointed an independent director.

Investors would be better to put their money in American banks than to buy stock in their Australian counterparts, an equity fund manager says.

Newcomer Salt Funds Management has appointed a chief operating officer.

PAA chairman Peter Leitch has announced he is standing down after five years in the role.

Ratings agency Standard and Poor’s has revised its outlook on some banks and credit unions moving their ratings from stable to negative. This means they each could be facing a ratings downgrade.

Official cash rate cuts are likely to be high on the Reserve Bank’s agenda once it has imposed tighter criteria on New Zealand’s banks, a commentator says.

Kiwibank has switched its headline home loan special rate from one year to two years.

BBY, Australia’s largest non-bank owned full service stockbroker, has taken a controlling shareholding in Edge Capital Markets, a private broking firm specialising in the futures and FX markets.